Markets made a historic rally today after optimism that a signed stimulus bill would pass through the Senate. Despite productive talks, a bill still has not been passed but that didn’t stop traders today from jumping in hoping to catch the bottom. DOW was up 11% while SPX rallied 9.4%.
We continue to stick to the models and wait for our setups to trigger and keep our emotions out of the market.
Our order to flip for CC didn’t fill last night so we remain in our short.
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